Things To Consider Before Renting An Office Space

Start-ups and already existing business often grapple with the issues of securing the ideal office space for rent either to kick start a business or expand it. Whatever the need or purpose may be, office space remains an important aspect of an organization’s need and getting it right is pivotal.

If you are currently considering moving to a new office or would have plans of doing in the near future, here areimportant questions you must ask and things you must considerbefore taking the first step.

Do you really need an Office Space?

This is a key question to answer especially for startups. Depending on the scale and the nature of the business, most start-ups may not need an office space. Working from home may be a good choice to go by. This does not apply to all start-ups though. Once you are certain that you need an office space to get started or need a new space to expand, you are right on track about renting an office space.

Choose a strategic Location

This point can never be over emphasized. If you need to secure an office at all, why not go for the one that offers you a vantage position? How strategic the location of your office is largely may determine how visible you may be.  Strategic location does not always mean being at the city centre or at the most expensive areas, it also means being in the middle of a cluster where people with your similar products or service offerings are found. Silicon Valley is a typical example of a strategic location for tech-start-ups. Orion City is another classic example of an vantage position for IT business who wants to offset or scale up their businesses.

What Amenities/ Infrastructure are Available?

How supportive is the atmosphere to your business and how great are the infrastructure offered? When deciding an office space for rent, you must be able to identify if the facility and its amenities support your business needs.

An ideal office complex should have basic infrastructures such as lighting, carpeting, sizeable car parking spaces, fire detection and prevention facility, a central air conditioning; a back-up generator (could come in handy) an easy to use Building Management System and excellent connectivity. Value added amenities such as raised flooring, shared services, data centre, voice and data cabling, UPS Backup, partitioning and design layouts are a plus to your business operation if you can afford them.

Determine your Budget and Stick to it

Your budget is often the major determining factor when considering renting an office space. It does not make any sense to run into depth and stunt the growth of your business even before it makes headway by setting a budget that is overboard for your business. Although cost matters in picking choice location but not all great locations are expensive. Affordability is the rule of thumb to go by in setting and working with your budget when picking an office space.

Lots more factors comes into play when considering an office to rent but if you get it right with your choice of location, budget, office amenities and answering the question whether you need an office at all or in the immediate, then you are on your way to picking the right office that will help offset or scale up your business.  

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